EDEN PRAIRIE, Minn. -- (May 13, 2003) -- Kontron Mobile Computing, Inc. (OTC BB: KMBC), today announced results for the first quarter of 2003.
For the quarter, the company reported an operating loss of $89,034, compared to operating income of $383,542 for first quarter 2002. Net loss was $301,003, or $0.02 per share, on revenues of $2.1 million, compared to net income of $173,605, or $0.01 per share, on revenues of $3.2 million during the same period in 2002.
I attribute the weakness of our first quarter to delayed shipments from component vendors and the consequent postponement of orders that we now expect to fill in future quarters, said Thomas Sparrvik, CEO. We expect to see improvement in this area and meanwhile we are maintaining a positive book-to-bill ratio. Having reported positive operating income in all but two of the past nine quarters, we are confident that the company is on strong footing for long-term success.
About Kontron Mobile Computing, Inc.
A Minnesota corporation, Kontron Mobile Computing, Inc., has designed, manufactured and marketed rugged computers for a variety of industries and applications worldwide since 1992. It also provides product customization, integration and support services. The company is headquartered in Eden Prairie, Minn., with sales, service and manufacturing locations worldwide. It is traded on the U.S. Over the Counter Bulletin Board under the ticker symbol KMBC.
Kontron Mobile Computing is the mobile computing affiliate of Kontron AG, Munich, Germany. For more information, visit Kontron Mobile Computing online at www.kontronmobile.com, or phone the company toll-free at 1-888-343-5396.
Forward-looking statements in this news release, if any, are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements, including the impact of changing economic or business conditions, the impact of competition, the availability of financing, the success of products in the marketplace, other risk factors inherent in the computer industry and other factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission.